Page 3 - Latest Updates on Fiscal Policy
Macro balancing act in 2024
The imperatives for 2024 are more nuanced: Nurturing recovery while ensuring public debt is stabilised and financial exuberance contained
 "Macro balancing act in 2024")
Kerala criticises Centre's fiscal approach, notes low alcohol tax revenue
In the document, the Governor said his government's stupendous achievements have come about despite many formidable challenges confronting it
 "Kerala criticises Centre's fiscal approach, notes low alcohol tax revenue")
Fiscal policy reset
Faster consolidation will require expenditure adjustments
 "Fiscal policy reset")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
PLI payout for FY24 may lag behind govt's estimate of over Rs 11,000 crore
Ministries asked to ensure scheme is 'aggressively' monitored
 "PLI payout for FY24 may lag behind govt's estimate of over Rs 11,000 crore")
Will interim Budget 2024 revive demand and investment?
The interim Budget 2024-25 on February 1 will likely see the central government boost investment, while still sticking to the fiscal consolidation path
 "Will interim Budget 2024 revive demand and investment?")
Union Budget 2024: 10 terms to boost the know-how of key financial exercise
The Union Budget, laid out on February 1 annually, is the financial roadmap that shapes the country's economy. Here are 10 key Budget terms for better insights into the key financial exercise
 "Union Budget 2024: 10 terms to boost the know-how of key financial exercise")
Govt's prudent fiscal policy to support economic growth: FinMin review
The FinMin report also highlighted that the relatively stable Indian rupee against the US dollar and other prominent currencies, and adequate foreign exchange reserves, add to the optimism
 "Govt's prudent fiscal policy to support economic growth: FinMin review")
Positive outlook
High public debt remains a risk
 "Positive outlook")
States to boost fiscal health in FY24 with high revenue, capex: RBI report
The proportion of states' revenue in gross state domestic product (GSDP) is projected to reach 8.2 per cent in FY24, the highest since 2018-19
 "States to boost fiscal health in FY24 with high revenue, capex: RBI report")
Populism: The only game in town
As political parties indulge in competitive populism, why do voters accept it?
 "Populism: The only game in town")
GST regime altered contours of fiscal federalism in India: Debroy
"This is at times cited as a restriction on the powers of the states," he said, adding that it is equally a "restriction" for the central government
 "GST regime altered contours of fiscal federalism in India: Debroy")
16th Finance Commission's political challenge
There are fundamental issues to harmonious inter-governmental fiscal relations that the Centre must take into account when constituting the Commission
 "16th Finance Commission's political challenge")
India's election-year challenge
Fiscal consolidation must take precedence in the upcoming Budget, even if it's an interim one
Structural shift
Fiscal conditions in the US will affect capital flows
 "Structural shift")
Pension reform reversal
The fiscal burden of states will increase over time
 "Pension reform reversal")
Fiscal constraints
Govt must generate more tax revenue
 "Fiscal constraints")
Incentivising fiscal prudence for states
Debt is projected to increase by the largest amount in the same states that are currently the most heavily indebted
Should states cough up higher interest rates for their fiscal profligacy?
Debate over how states manage their finances likely to pick up as the constitution of the 16th Finance Commission is round the corner
 "Should states cough up higher interest rates for their fiscal profligacy?")
Missing female scientists and reforming the creaking policy machine
From fiscal policy to fixing India's steel frame, here is a summary of book reviews from the pages of Business Standard this week
 "Missing female scientists and reforming the creaking policy machine")